CHIP Reverse Mortgage Blog

55 or older? Own Your Own Home? Put your home equity to work for you now

June 14, 2018 | Posted by: Joy Pike

Like most Canadians over 55, your home is your largest asset and part of your retirement plan.

You could wait until then to enjoy the 'fruits of your equity,' or unlock the value in your home now with a CHIP Reverse Mortgage, a dependable way to access tax-free cash from up to 55% of the equity in your home. There are no credit or income qualifications, you maintain ownership of your home and best of all … there are no regular monthly payments required.

Just some of the benefits

EASY: Free up tax-free cash to invest, travel, pay off debt, renovate or just sleep easier.FLEXIBLE: You can choose to take a lump sum* or receive payments over time.TAKE BACK CONTROL: Lifetime approvals mean you can continue to live in your home until you decide to move or sell.NO PAYMENTS REQUIRED: Your home continues to appreciate and there are no regular monthly payments required until you move or sell it.